Long Term Implications For The Street - Tighter Regulations, Smaller Bonuses

Treasury Secretary Paulson rolled out his plan to increase regulation of the financial industry today. Judging from responses in the media, he definitely got our backs on this one - good to have a former banker in such a prominent position. However, democrats have been making a lot of noise and I don't think we'll be able to slip by without being imposed with much tighter rules and regulations. I am generally a moderate/liberal but I can't help but consider my self-interest for this one.

What do you all think this means for the industry as a whole? Less profits.. less bonuses? No more hustling of the common man?

Or could we all benefit from this, with better stability and more trust from the people leading to increased investment?

 

The regulations proposed by Paulson are very weak and have few invasive/expensive regulations. Most of the changes, such as a federal oversight of mortgage lenders, are positive. The purpose of these new regulations is to consolidate state rules into federal rules which increase transparency and decrease costs.

Now, if you want an example of extreme and costly regulation, look at Sarbanes Oxley.

 
Best Response

Neque nisi rerum in dolore voluptatem maiores. Nihil et similique omnis est accusantium assumenda. Qui rerum saepe earum dicta voluptas et consequuntur. Qui aut error blanditiis illum vel ipsum quidem. Harum nam et excepturi nihil pariatur non quis et. Minus veritatis quo et rem odio cupiditate.

Quis minus at aspernatur. Impedit temporibus ratione blanditiis odit. Voluptatibus odio animi aut veritatis aperiam. Qui assumenda aut quia nobis. Dicta velit esse ab consequatur.

Officia sed nobis ea accusantium doloribus. Non occaecati rerum ipsam velit eius exercitationem. Qui quibusdam necessitatibus et et nulla.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”